How to convert e-gold to physical gold?

How to convert e-gold to physical gold?

Dec 24, 2012, 11.12 AM IST

Text courtsey: Centre for Investment Education and Learning

Pic courtsey: Getty images

A person who has invested in e-gold units issued by the National Spot Exchange (NSEL) can convert these into physical gold. The minimum quantity these can be converted into is a 1 g gold coin, and in denominations of 8 g, 10 g, 100 g and 1 kg.

The e-gold units held in demat form need to be transferred to the designated beneficiary account of the exchange. This can be effected through an off-market transaction and the holder needs to issue a delivery instruction slip (DIS) to enable the transfer.